Did you know that 92 percent of Gen Z trust influencers more than celebrities? Influencer marketing has changed the way that brands market to customers. There have also been changes in how brands, influencers, and platforms approach this method. Influencer marketing is popular and there are several areas to address as these changes emerge.
Influencer marketing is a collaboration between a brand and an influential person on social media. An influencer is someone who has the drive and personality to influence other people to buy products or services. A social media influencer is someone who has the power to captivate an audience through social media. Influencers often have millions of followers. But influencers aren’t necessarily celebrities. Some of them have had a successful come-up on the internet.
1. Increased budgets
The increased popularity in influencer marketing has created a demand for bigger budgets.According to recent studies, influencer marketing could cost as much as $10 billion by 2020. That means more marketing agencies will be spending more money for platform involvement and social media boosts.
What has caused the increased budget? It’s because influencer marketing is working. Since its inception, there have been hundreds of case studies addressing the success of influencer marketing. The increased media attention and case studies will cause budgets to rise.
2. Demand for creative marketing
There’s an increased demand for creative marketing efforts. Influencers can’t just copy and paste a caption into their Instagram posts. Instead, they should write original content that’s tied to their sponsor posts. This helps users to determine the difference between a sponsored post and a post about something the influencer is passionate about.
Brands and marketing agencies have to be mindful about how they write their caption copy. They also have to think about the videos and photos they use. There’s also an increase need for original video content that integrates the influencer’s personality. For example, Instagram Stories have created a need for unique posts and content.
3. Demand for authenticity
The key to successful influencer marketing is creating authentic content about your brand. This has led to an increase in authenticity. One way to capture authenticity in its form is to create a behind-the-scenes film. This type of visual content can help you connect with your audience and build trust with them.
This gives your brand a meaningful impact and leads to a better marketing campaign. This can benefit both those associated with the brand as well as the influencer.
4. Influencer marketing has become advertising
Organic posts are no longer enough. There has been an increased demand for paid media to promote influencer marketing campaigns. These types of posts are both from the brand and the influencer.
The increase in paid media is a response to news feed algorithms. Since organic engagement can be too risky, paid media gives brands more control of engagement, results, and sales. It also allows influencers to increase impact in an area that has been otherwise difficult.
5. Increased accountability
Since fake followers have impacted advertising and social media, influencers are expected to have accountability. There are numerous online tools that show you which percentage of an influencer’s following is fake. This demand has been coming from the FTC and other government agencies which are pushing stricter demands and regulations. This can help enforce clear communication in sponsorships.
6. Emerging B2B influencers
Thanks to LinkedIn video, there is a new team of B2B LinkedIn Influencers who want to change the world of influencer marketing. Consultants, marketers, and speakers with thousands of followers can expect increased engagement on their text and video content. This undervalued form of marketing has become prime real estate for B2B brands.
7. Outperforms marketing agencies
Most marketing agencies want a piece of the influencer marketing pie. But brands are hiring their own in-house marketing agencies. This is another response to the fake follower controversy. As a result, some brand are outperforming marketing agencies.
Social media allows you to analyze your metrics and to search for influencers. You can also find an influencer based on his or her following. You could end up with the right influencer for your marketing campaign.